GST collections: Tamil Nadu & Karnataka keep up with their impressive performance in South
Neighbouring Andhra Pradesh recorded a single digit growth year-on-year in two of the four months this fiscal year, including July. In May, it managed to equal the national average growth rate of 11%. Out of four months, Kerala exceeded the national average in June and equalled it in May. In April and July, the coastal […]
Breakout Stocks: How Poly Medicure, Ircon International and IRFC are looking on charts for Tuesday
Indian market closed in the green for the second day in a row. The S&P BSE Sensex rose over 200 points while the Nifty50 closed just a shade below 19,600 levels. Sector-wise, buying was seen in healthcare, telecom, IT and realty stocks while selling was seen in utilities, power, and metals
HDFC Bank’s weightage in FTSE indices to be increased in 3 tranches: FTSE
The first tranche will be implemented in the September index review, the second one in the December review, and the last in March, FTSE said. In its September review, FTSE will evaluate the eligibility status of HDFC Bank, which includes a review of its shares in issue, free float, and foreign headroom
PB Fintech Q1 Results: Policybazaar parent’s loss narrows to Rs 12 cr; revenue jumps 32%
The company had reported a loss of Rs 204 crore in the year-ago quarter. The consolidated adjusted EBITDA was a positive Rs 23 crore for the first quarter, an improvement from negative of Rs 66 crore in the same quarter last year
Centre’s debt profile safe and prudent; external debt-to-GDP ratio eases: Finance Ministry
In a written reply, minister of state for finance Pankaj Chaudhary said: “The risk profile of Central government’s debt stands out as safe and prudent in terms of accepted parameters of indicator-based approach for debt sustainability. The government debt is held predominantly in domestic currency.”
Tech View: Nifty volumes indicate support at 19,300-400. What traders should do on Tuesday
Volume profile indicates Nifty has strong support around the 19,300-19,400 zone. OI data showed that on the call side, the highest OI was observed at 19,700 followed by 19,800 strike prices while on the put side, the highest OI was at 19,500 strike price
Tomato prices flared up by rains, seasonal factors; government taking steps to curb food inflation: FM Nirmala Sitharaman
In a written reply in the Lok Sabha, the minister said white fly disease in Kolar district of Karnataka, heavy monsoon showers in parts of northern India and logistics disruptions in isolated areas in the wake of floods are also to be blamed for the sudden surge in tomato prices.
38 multibagger stocks saw FIIs increase stake in Q1; do you own any?
Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.
Yatharth Hospital misses Street expectations on listing. What should investors do now?
“Investors who are looking for short-term gains may book profits at this level. However, aggressive investors who believe in the long-term prospects of the company may hold the stock with a stop loss at around the issue price,” said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
Should you buy SBI shares despite miss on margins? What brokerages say
Foreign brokerage Jefferies noted that asset quality is holding up for the PSU bank while Kotak Institutional Equities sees a limited downside and called SBI its top pick in the space. Nuvama maintained its buy on strong asset quality though it put NIMs and loan growth as key monitarables for the counter.